What's New
Fox News anchor Neil Cavuto is leaving the network after 28 years, and during that time, he's amassed quite a bit of money in his name.
Why It Matters
Cavuto's last day is Thursday after the media veteran rejected Fox News' new contract deal. According to reports from The Independent, the new deal offered Cavuto a lower salary.
Previously, he anchored Your World on weekdays from 4 to 5 p.m., Cavuto: Coast to Coast on weekdays from 12 to 1 p.m. on Fox Business and Cavuto Live on Saturdays from 10 a.m. to 12 p.m.
Before leaving the company, Cavuto, age 66, was one of only a few Fox anchors that stuck around since Fox began airing in 1996.
What is Neil Cavuto's Net Worth?
Cavuto is reportedly worth around $25 million after his time at Fox. His annual salary at Fox was also reported to be $7 million.
What To Know
Cavuto's reputation as an anchor centered the brand's "fair and balanced" mantra despite more strongly conservative leaders taking charge at the network in recent years.
The news anchor received a wave of criticism from viewers during the pandemic when he was vocal about his own health struggles with the coronavirus.
"Let me be clear," Cavuto said in 2022. "Doctors say had I not been vaccinated at all, I wouldn't be here."
Cavuto was also one of the few anchors to outwardly clash with President-elect Donald Trump despite Fox's tendency to cater toward conservative viewers.
Cavuto corrected many of Trump's claims, whether they concerned Covid-19 or his economic stance on tariffs.
"I don't work for you," Cavuto once said in response to Trump. "My job is to cover you, not fawn over you or rip you, just cover you."
Cavuto criticized Trump's misinformation regarding the government's response to Hurricane Helene and Hurricane Milton as recently as October.
"That kind of misinformation gets out there, and whether it's perpetrated by a politician or someone you think is someone of note and authority, it is wrong and it is bull and it cannot be tolerated," Cavuto said at the time.
Cavuto also fact-checked Trump in the middle of a campaign rally.
"We're continuing the monitoring of the president's remarks," Cavuto said in February regarding the 2020 election. "And I mean no offense to him if some of you might want to continue hearing. But I did have to say that even though the former president is entitled to his opinions, he's not entitled to his own set of facts."
What People Are Saying
Fox said in a statement: "Neil Cavuto's illustrious career has been a master class in journalism and we're extremely proud of his incredible 28-year run with Fox News Media. His programs have defined business news and set the standard for the entire industry. We wish him a heartfelt farewell and all the best on his next chapter."
Alex Beene, a financial literacy instructor for the University of Tennessee at Martin, told Newsweek: "Neil Cavuto truly shaped the Fox Business Network from a struggling venture when first launched to a major competitor of CNBC and other business news outlets. He was instrumental in bringing over top talents over the last 15 years from the world of media like Don Imus and Maria Bartiromo, well-known personalities with built-in audiences that a new network desperately needed, not to mention hosting his own daily program."
Beene added: "It's also important to note Cavuto had multiple run-ins with President Trump during his first term on policy, to the point that Trump actually complained about him at a rally. He's at retirement age, has had a good career, and more than likely doesn't want to stick around for the next presidential term."
What's Next
Now that Cavuto has left the Fox News network, some worry the media company will become even more conservative as Cavuto was one of a few Fox anchors deemed more balanced in his coverage of politics.
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